What Is The Future Valu 272045 Question 1: What is the future value of $500 a ye

Question

What Is The Future Valu 272045 Question 1: What is the future value of $500 a year for 10 years compounded annually at 5%? Question 1B: Replace the future value of S500 with the lost 4 digits of your Anther io. and 5% with the last digit of your Panther ID (if the last disit is O, use 5). For example, if you Panther ID is 1234567, the future value is $4567 and the interest is 7%. Question 1C: what is the future value of SS00 a year for 10 years at the semiannual interest rate of 3%, Question 2: what is the present value of the annuity: $70 a year for 3 years discounted back to the present 3%? Question 2B: Replace $70 with the last 4 digits of your Panther ID, and 3% with the last digit of your Panther Dif the last disit is Q. use 5) Question 3: Youve got a $25,000 in student loan. if you pay it back over 15 years at 7% compounded monthly, how much is your monthly loan payments? Question 3B: Replace $25,000 with the lost 5 digits of your Panther ID, and 7% with the last digit of your Panther ID "the last digit is 0, use 51 Question 4: what is the present value of a perpetuity: S300 perpetuity discounted back to the present 8%? Question 4B: Replace S300 with the last 4 ágits of your Panther ID and 8% with the lastigit of your Panther ID or the last digit is 0 use 5) Question 5: You are to buy a property in 5 years from today, You estimate that you will need $20.000 at that time. You would like to accumulate these funds by making equal annual deposits in your savings account, which pays 12% annual If you make your first deposits at the end of this year, and you would like your account to reach $20.000 when the finsl deposit is made, how much will you have to deposit in the account annually? Question & you would ike to have $50.000 in 15 years. To cumulate this amount you plan to deposit an equal sum in the back each year that earn 7% interest compounded annually, your first payment will be made at the end of the year. Question 6B: Replace $50,000 with the last 4 d gits of your Panther ID, and the interest rate of 5% with the last digit of your Panther ID (if the last digit is O, use 5).

Explanation / Answer

Ans 1) a Future value = present value * (1+r)^n

Future value = 500 * 1.05^10 = $814.45

Ansb) My Panther ID is 3789970

Future value = 9970 * (1.05)^10 = $16240.08

Ans c) Future value = present value * (1+r/2)^(n*2)

= 500*(1.015)^20

= $ 673.43

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